The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or … - Warren Buffett

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But love that comes too late, Like a remorseful pardon slowly carried, To the great sender turns a sour offense, Crying, 'That's good that's gone.

Warren Buffett

The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

Business, Insightful, Investing, Like, Pessimism, Produces

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If you don't find a way to make money while you sleep, you will work until you die.

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Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

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If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.

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To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.

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